Texas usury laws

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@Anthony Aguillard

"Is only one out there familiar with the state of Texas usury laws? I'm not clear if a Hml is referenced under a 6% cap or a 18% cap on interest. Does any one have any ideas how to complete the loan without running afoul of the usury law? Any recommendations will be greatly appreciated."

For some reason I couldn't respond to your post so I'm doing it here.

Take a look at these sites: here 1 and here 2.

It appears the 6% is max interest on a consumer loan, and 18% is the max a judgment creditor can collect.

Commercial loans appear to be an exception. Most HML's only do commercial loans.

As the articles point out, usury in TX is tricky so you really need to speak with somebody that knows the subject.

Hope this helps.